A guide to the place we call home. Before you start trading in the Forex market, you need to know what Forex is all about. Forex is short for Foreign Exchange. It carries multiple names such as FX, 4x, and Spot FX. We are focusing on the retail Forex market which is for all individual traders. Currency trading is by far the largest market to trade in on the planet.

The commodity that is traded is actual currency. For example, if you would like to sell Euros and by US dollars, you would do this trading the EURUSD currency pair. Most Forex brokers offer you many different pairs to trade. When starting out you may want to stick to the big pairs connected to the US Dollar. These include eurusd, usdchf, gbpusd, and the usdjpy. These pairs tend to have the most fluid movements and the best liquidity. Once you are ready, you can then venture out into other pairs.

If you need a complete beginners guide to the Forex market, you can find plenty of information by typing a search in Google. This guide is setup to give what we think are the Top 20 items to think about before trading with your own money.